Examlex
What can cause a learning curve to vary from a smooth downward slope?
Increasing Costs
This refers to a situation where the costs of production increase as the output level increases, often seen in industries with limited resources.
Production Efficiencies
Occurs when a firm or economy can no longer produce additional amounts of a good without lowering the production level of another product.
Trade Surplus
A situation where a country's exports exceed its imports during a specific period, reflecting a positive balance of trade.
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